You are least likely to favor added points over a higher contract rate if you are
A) likely to move in a few years.
B) a high income individual.
C) likely to remain in the home for the duration of the mortgage.
D) a low income individual.
Correct Answer:
Verified
Q41: Fixed rate mortgage typically have a
A)higher initial
Q42: On a fixed rate mortgage,
A)the contract rate
Q43: Closing costs are also termed
A)settlement costs.
B)recognition costs.
C)listing
Q44: "Marketable title" exists when
A)the home is reasonably
Q45: Points paid at closing are for payment
Q47: Title insurance protects you from
A)claims on your
Q48: Which one of the following would not
Q49: A warranty on the sale of an
Q50: In the calculation of the Annual Percentage
Q51: Fixed-rate mortgages usually have
A)level monthly payments over
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